Landmark’s infrastructure secondaries program capitalizes on synergies with our private equity and real estate programs and leverages the depth and expertise of our Quantitative Research Group to source proprietary deal flow. We launched our infrastructure secondaries program in 2013 and have committed $707 million through all Landmark infrastructure funds to date. The investment staff is comprised of team members with experience spanning infrastructure, real assets, and secondary investing.
Investment Strategy & Portfolio Construction
Infrastructure secondaries can help achieve diversification through a portfolio that provides inflation protection and exposure to uncorrelated assets. Landmark’s infrastructure strategy seeks to:
Utilize our research resources to drive relationships and information advantages
Acquire diversified portfolios of cash-flowing seasoned assets, with the potential to mitigate inflation risk
Address market inefficiencies, including supply and demand imbalances and inconsistent information quality
Landmark’s infrastructure team utilizes the same thought partner approach to transaction sourcing that has been employed by our private equity and real estate teams.
Our infrastructure secondaries team acquires interests across a range of partnership vehicles, including private infrastructure funds, multi-asset portfolios, as well as single asset joint ventures. Transactions can be arranged as traditional sales or preferred equity structures. Landmark has established itself among the most active infrastructure secondary investors engaged in recapitalizing and restructuring infrastructure funds - transactions that can address pending fund maturity, strategy change or the need for additional equity capital.
Landmark’s infrastructure program can also structure and invest in general partner growth and transition. These transactions provide capital to general partners for product development or balance sheet growth, without requiring the sale of a permanent stake in their business.